Whether a LLP need to file annual compliance for the FY 19-20, if it is incorporated on or after 01st Day of October 2019?
Replies (8)
Quick Summary
This discussion clarifies annual filing requirements for LLPs incorporated after 1st October 2019. Generally, if an LLP is formed after this date, its first financial year can extend up to 18 months, ending on the next 31st March. While specific turnover thresholds might exempt some LLPs from audits, basic compliance like filing Form 8 and Form 11 is often still required. It's advised to confirm directly with the Ministry of Corporate Affairs (MCA) to avoid potential late fees.
If the turnover of the llp exceed 40 lakhs rupees and contributions exceeds 25 lakhs rupees then you should follow annual filing and audit otherwise not required
I think , You can file 18 months return ( from 1/10/2019 to 31/3/2021 ) by 31/3/2021, however you have to confirm on MCA web site or MCA office contact no .
Check out on Ministry of Corporate Affaires web site ( GoVT of India ) in FAQ section or you can contact them on phone, wherein you have to file return .
23 I have incorporated an LLP on 1st December of the financial year, when do I require filing my statement of accounts and annual return?
In case LLP has been incorporated on or after 1st October of the financial year, then LLP can close its first financial year either on the coming or next 31st March i.e. LLP files its first financial year details for 18 months.